Clients in the MetLife Protected Growth Bond can choose from three funds offering different levels of protection- 70%, 80% & 90%. These are known as the Protected Growth Funds.
For detailed information on each of the available funds, please refer to the individual fact sheets.
The main objective of the equity element of these funds is to achieve capital growth.
Each Fund contains roughly equal exposure to UK equities and non-UK equities, with North America constituting the second largest equity exposure. In addition, the equities are almost entirely focused in developed markets, with a minimal amount in Asian developing markets.
Let’s say your client invests £100,000 at a protected level of 80%, and the unit price is £100 (which buys 1,000 units). If the unit price grows to £130, then the fund’s value will be £130,000*.
Because the selected protection level is 80%, we’ll use 80% of the unit price’s new value (80% of £130 is £104) to work out the new protected value of the unit price. In this case, the fund value would be £104,000 (multiply 1,000 units by £104).
The fund’s unit price will never be allowed to fall below this new protected value (£104), whatever happens to the stock market, and can grow further with future lock-ins. The point at which your client invests into a Protected Growth Fund will affect both the level of protection and also the potential growth as the equity content will change over time. *Please note that there are charges that are taken by deducting units from your client’s fund. This will affect the amount of your client’s investment return.
We recommend that clients invest in the MetLife Protected Growth Bond for a minimum of five years. However the structure and flexibility of the Bond means your clients can access their money whenever they need it.
To find out more please refer to the Key Features Document.
Retirement and Investments
For more information, please contact your local MetLife Sales Rep or the Sales Resource Centre on
0845 370 6040
For more information, please contact your local MetLife Employee Benefits Consultant or Customer Service on
0845 603 8899